Update March 2, 2016: that he sees ‘no path forward’ in his campaign since we first published this story, back-of-the-field GOP runner Ben Carson has announced. Although he has not officially ended their run as yet, it’s expected he may do so when he speaks on Friday at a Washington, D.C. conference.
Anyone who’s considered Donald Trump as some fringe candidate that would fundamentally fizzle out of the race that is republican voters found their senses got a huge splash of cold water on Super Tuesday. Sweeping most of his races with a substantial lead, the Donald proved he is here to stay within the 2016 presidential process.
Donald Trump and Hillary Clinton were Super Tuesday’s big champions, and a head-to-head general election between the two now seems more likely than ever before. (Image: AP/Zuma)
Long thought to function as the firewall to the billionaire’s campaign, Super Tuesday turned rather into an accelerant for Trump’s competition to the White home.
The former casino magnate and reality show star had won seven of the 11 states up for grabs, including the politically conservative Georgia, the potential swing state Virginia, and the Bible Belt’s Arkansas and Alabama by end of day. Trump also took Massachusetts, Vermont, and Tennessee.
Texas Senator Ted Cruz managed to rally his valuable house state, also as Oklahoma and Alaska, while Florida Senator Marco Rubio scored his first triumph in Minnesota.
‘This has been an amazing night … it is really been great,’ Trump said throughout a press conference that is victory. ‘It was a very night that is tough Marco Rubio … he is a lightweight.’
Clinton Keeps Pace
Super Tuesday was allowed to be Cruz’s night, as the religiously conservative senator was hoping to pounce regarding the southeastern United States’ greatly evangelist base that is christian. Rather, voters largely went for the twice-divorced Manhattanite in Trump.
That takes the 2016 presidential race one giant step nearer to the showdown that’s been impending for weeks: Hillary Clinton versus Donald Trump within the election that is general.
Tuesday had been no shock on the side that is democratic, because the frontrunner extended her lead over challenger Vermont Senator Bernie Sanders. Like Trump, Clinton took seven states in most to Sanders’ four.
In her victory speech by the end of this Clinton didn’t waste time in attacking Sanders day. Instead, she went after her GOP that is likely challenger.
Using a jab at Trump’s ‘Make America Great Again!’ motto, Clinton said, ‘We know we’ve got work to complete, but that work, that work isn’t to help make America again that is great. America never stopped being great.’
Clinton won Georgia, Virginia, Alabama, Massachusetts, Tennessee, Texas, and Arkansas. Sanders won his home state of Vermont, plus Colorado, Oklahoma, and Minnesota.
There have been no Spotlight surprise moments on Tuesday, with several events being called the minute polls closed by tv news outlets rushing to declare the victor first. Cruz and Sanders both took their house states, as expected, and the favorites Trump and Clinton took the all-important Virginia.
Cruz winning Texas and Rubio sweeping Minnesota for their first victory only put Trump closer to securing the GOP nomination.
The 2 challengers that are main Trump doubled down late Tuesday, reiterating that they aren’t dropping out to guide each other. And Ohio Governor John Kasich and neurosurgeon that is former Carson, operating 4th and fifth respectively, stated they too aren’t suspending their campaigns.
Rubio and Cruz, perhaps oddly, spoke night that is last if these people were the big winners.
‘So long as the field remains divided, Donald Trump’s path to your nomination stays much more likely,’ Cruz claimed. ‘For the candidates who have not yet won a state … i ask you to prayerfully together consider our coming.’
Rubio said of their runner-up finish in Virginia, ‘We basically fought Donald Trump to a draw despite having to talk about the ballot having a true number of people who probably took votes away,’ the senator said, referring to also-rans Kasich and Carson.
Paddy Power Slapped by Regulator over Poor Anti-Money Laundering Measures
Paddy energy, which started its new existence as one half of Paddy Power Betfair with a strong scolding from the UKGC. (Image: twitter.com)
Irish bookmaker Paddy Power is accustomed featuring its wrists slapped by Britain’s Advertising Standards Authority right now. The controversial company actually revels in the notoriety its risqué advertising brings, also it understands that some condemnation comes with that reality.
But a report published a week ago by the UK Gambling Commission (UKGC) details transgressions that are far more damaging to the company’s reputation than the casual off-color television spot about blind soccer players throwing a cat into a tree.
The regulator criticized Paddy energy for ‘serious failings’ in its anti-fraud and money laundering procedures in the report, highlighting two customers during the company’s land-based shops that are betting were found to have laundered money through the bookmaker’s fixed-odds betting terminals (FOBTs).
Customer Fraud Conviction
The report also found that the operator had failed to take ‘reasonable steps’ to determine the source of some of its online customers’ gambling funds, citing an example of a customer who was later convicted of fraud.
Bank worker Mark Cooney had been sentenced to 28 months in prison in September, after pleading bad to stealing almost £250,000 ($348,000) from the reports of elderly or deceased clients in purchase to fund their gambling addiction.
Paddy energy ‘made no direct inquires’ about where his money came from, the regulator said.
The betting company stated it had flagged Cooney as ‘medium risk’ and recommended that further information be obtained, but no action was taken. The operator acknowledged so it neglected to follow its due diligence procedures with regard to checks on clients.
In a case that is third betting store senior staff were found to possess motivated a problem gambler to keep betting until he had lost five jobs and became homeless.
When the man, known only as Customer A, finally began to make fewer visits to the shop, a senior employee encouraged junior staff that ‘steps should be taken to increase Customer A’s visits and time spent in the gambling premises.’
£300,000 in Fines
‘This was grossly at chances utilizing the certification goal of preventing susceptible people from being exploited by gambling,’ stated the Gambling Commission.
Paddy Power, which last month completed its €10 billion merger with Betfair, could make a voluntary payment of £280,000 to a ‘socially responsible’ cause, plus £27,250 to your Commission to pay for the research.
It is also needed to submit its anti-money-laundering procedures to a third-party review and to bolster its customer checks.
‘The historical failings outlined in this report had been clearly unacceptable,’ said a representative for the Paddy Power that is enlarged Betfair.
‘Paddy Power has since dramatically strengthened its internal procedures and staff have been retrained to ensure these procedures are implemented effectively. Paddy energy Betfair takes its responsibilities extremely seriously and now we have cooperated fully with all the Gambling Commission at every phase of this process,’ the ongoing company spokesperson added.
Amaya Sets Parameters with CEO David Baazov and Withholds Revenue Projections as Takeover Talks Continue
Amaya CEO David Baazov is wanting to just take back his very own business, and the gaming corporation will not be forecasting earnings in 2016. (Image: QMI Agency/ tvanouvelles.ca)
Canadian gaming operator Amaya Inc. has released a cautionary statement to investors this week. In it, the organization reveals that the Montreal-based company will perhaps not be creating ‘earnings guidance’ with regards to its 2016 financial performance, in light of CEO David Baazov’s continued takeover negotiations using the firm.
While Baazov and his unannounced partners have actuallyn’t officially made a proposition to take the business straight back private, Amaya stated its Special Committee assigned to handle the arbitration, along side its Board of Directors’ Audit Committee, found in conclusion that publishing fiscal projections would not be in unique best interests.
‘The Board established the Special Committee after Mr. Baazov notified the Board on 31, 2016 of his intention to make a proposal to acquire Amaya for C$21 ($15.65) per common share in cash,’ Amaya said in a press release this week january. ‘The Special Committee has appointed Barclays Capital Canada Inc. to act as financial consultant to your Special Committee . . . to aid in considering any proposal that may be forthcoming, aswell as other options that may become available to Amaya.’
Amaya also announced that it has implemented restrictions on what its CEO handles information that casino 888 is confidential the talks. Especially, Baazov is prohibited from sharing such intelligence with any outside partner that is potential.
Share Value Impacted
The headlines that Amaya won’t be publishing quarterly income estimates moving forward may appear insignificant, nevertheless the truth is, the development poses serious risks to its overall share value.
Traded on both the Toronto Stock Exchange in Canada and NASDAQ in the United States, guidance reports for a company’s future earnings ‘can have an influence that is major analyst stock ratings and investor choices to purchase, hold, or sell’ according to Investopedia.
Amaya stock unsurprisingly dropped on Wednesday on the headlines of guidance being omitted for the moment. Stocks dropped by 2.49 percent on NASDAQ to a closing price of $14.47.
No Parental Guidance
The company foregoing forecast earnings isn’t all bad news, though. In reality, in hindsight, it would have already been good if Amaya hadn’t released that information in 2015.
Last August, during its second quarter outcomes, Amaya reaffirmed its year-long 2015 income projections, a choice that could get back to haunt the gaming business in November.
Blaming sets from the strengthening dollar compared to the Euro to the severe economic slowdown in Greece, Baazov fessed up that his company ended up being planning to fall 13 percent short of those approximations.
Amaya stocks plunged 32 percent regarding the news briefly thereafter. In only six-and-a-half hours of trading, Amaya went from a valuation of $23.56 to $15.99.
Baazov, who founded Amaya in 2004 and primarily centered on business-to-business gaming solutions before attracting investors for the $4.9 billion takeover of Rational Group and its subsidiary PokerStars, today owns 18.6 percent of Amaya’s outstanding shares.
Their expected offer of $15.65 per share to take the organization off the exchanges that are public private once more values the organization at around $2.8 billion. Perhaps maybe not so ironically, that’s slightly below the $2.9 billion Deutsche Bank, Barclays, and Macquarie Capital provided in credit financing to Amaya for the Rational buyout.